Music is life and many talented singers in Nigeria have made their mark. Talk about the expensive lifestyles and luxury living the flaunt, you’ll always want to know the richest.

In this article, we bring you the top ten richest Nigerian musicians and their net worth.

David Adeleke, A.K.A Davdio is the richest musician in Nigeria.

List of Top 10 Richest Musician In Nigeria 2020

Rank

Name

Estimated Net worth

#1

Davido

N20 billion

#2

Wizkid

N18 billion

#3

Don Jazzy

N13 billion

#4

Dbanj

N12 billion

#5

Peter Okoye

N8 billion

#6

Paul Okoye

N7 billion

#7

2Face Idibia

N6 billion

#8

Timaya

N5.5 billion

#9

Banky W

N4.5 billion

#10

Olamide

N3.5 billion

1. Davido Net Worth (N20 Billion)

Davido who is often called OBO (Omo Baba Olowo) is the richest musician in Nigeria.

He is a Nigerian producer, Singer, songwriter, record producer.

Davido is the co-owner of HKN music and he produced songs for Tiwa Savage, Skales, and Naeto C.

He presently runs his own record label name DMW (Davido music worldwide) which houses star artistes like Idowest, Peruzzi, Mayorkun, and Dremo.

Also, he has collaborated with many notable superstars across the country. In 2012, he signed an endorsement deal with MTN and also an ambassador of Sony music.

This lover boy recently purchased an N45 million Porsche car for his girlfriend Chioma for her 23rd birthday and got an endorsement deal of N60 million for her. That is what we now call Assurance.

In fact, when he is in the mood, he stunned his fans on social media with different gifts. He has won numerous awards e.g. Nigerian entertainment awards, Nigerian music video awards, Ghana music awards.

Davido has many luxurious cars which include Toyota land cruiser, Mercedes Benz (AMG series G-Glass), and many more.

2. Wizkid’s Net Worth (N18 Billion)

On our list of the top 10 richest musicians in Nigeria and their net worth is Ayodeji Balogun Ibrahim, popularly known as Wizkid.

Born in 1990 and the only male child in his family.

He was 11 when he developed his passion for music and he got his inspiration from musicians like King Sunny Ade, and late Fela Anikulapo, and when he met Banky W his life changed.

Did you know that Wizkid’s formal stage name was “Lil Prinz” but in 2006, he changed his name to Wizkid?

Wizkid is the CEO of Star Boy records and has collaborated with notable superstars like Run Town, Drake, Wande Coal, and many more.

Wizkid owns many mansions and a lot of luxurious cars including BMW cars, Bentley, Mercedes, and many more.

He has signed many endorsements deals with brands like Pepsi and Glo which has earned him hundreds of millions including the biggest endorsement deals in Africa from the UBA Group.

Wizkid’s net worth is growing at a rapid rate and rising as he continues to break more grounds.

Having a net worth of N18 billion in 2020, he is 2nd in the list of top ten richest musician in Nigeria.

3. Don Jazzy Net worth (N13 billion)

Michael Collins Ajereh known as Don Jazzy or Don Baba J is also one of the top 10 richest musician in Nigeria.

He was born on 26th November 1982 and attended Federal Government College, Lagos.

He then proceeded to Ambrose Ali University.

Don Jazzy’s net worth has earned him a spot on this list. He is a producer, Nigerian singer, songwriter, and performer and the CEO of Marvin’s records.

He has produced many albums and singles for many artists in Nigeria and winning stars like Dbanj, Reekado Banks, Dija, and Korede Bello.

Apart from being a music producer his source of income also comes from different endorsement deals which include MTN and Loya milk.

He has won many awards which include Nigerian music award, city people entertainment award, headies award, and many more.

4. Dbanj Net Worth (N12 Billion)

Oladapo Daniel Oyebanjo known as D banj who was born on 9th June 1980 in Zaria cannot be excluded from this list of top 10 richest musicians in Nigeria.

He was enrolled in the Nigerian military school and he proceeded to study mechanical engineering at Lagos state university.

This young billionaire has secured deals from numerous endorsement deals with heritage bank, energy drink known as power fist, and Sony. He is also an ambassador of Bank of Industry (BOI) and Globacom.

D Banj charges over N6 million per show He has won many awards e.g. best collaboration and so on. His net worth is N12 billion. So, he makes the list to the top ten richest Nigerian musicians.

I’m not done yet, here’s more.

5. Peter Okoye Mr. P Net Worth (N8 Billion)

Peter Okoye and Paul Okoye were formally known as P square. Psquare net worth is no joke, but things changed.

The duo and identical twins can never be left out when we are talking about the top 10 richest musician in Nigeria.

They were born on the 18th of November, 1981 in Jos. They went to St. Murumba secondary school a small Catholic school in Jos and later joined school music and drama club.

In 1999, they went to the University of Abuja. They were both recording artists, performers, and popular breakdancers.

They both performed the album with artists like Sean Paul, Akon, and Ginuwine.

They released music album as Get squared, Danger, Game over and many more.

Who does not know about any of these albums? They collaborated with 2face Idibia, Frenzy, and J Martins.

Their recent split led to a change of name and now he is referred to as Mr.P

Peter had endorsement deals with Kia motors, Olympic e.t.c that worth millions of naira, and both of them have won many awards which include Nigerian magazine awards, city magazine, the headies, Kora awards and many more.

He has numerous mansions and luxurious cars that are worth hundreds of millions. In fact, for Timaya to show up or even perform at any event, the indigene of Bayelsa state charges 8 million Naira. His net worth is N5.5 billion.

9. Banky W Net Worth (N4.5 Billion)

Olubankole Wellington known as Banky W or Mr. Capable was born in 1981 in the United States of America.

He attended Corona primary school and he studied industrial engineering in New York.

Apart from music, the husband to the pretty actress Adesuwa is also into event host, acting, and film production He is also the CEO of EME records. His albums include undeniable, Ebute Metta, Capable, etc.

He has signed many endorsement deals worth millions and he is a brand ambassador for many companies e.g Uber hail cab service provider and he is the first Nigerian celebrity to be awarded such honor.

He signed endorsement deals with Ciroc, Glo, and Sterling bank that worth N30 million. He is also an ambassador of Etisalat.

Olamide net worth is no joke. He has won numerous awards which include headies awards, MTV Base awards, and so on. With all these, Olamide must not be exempted from my top 10 richest musicians in Nigeria.

Top Ten Richest Musician In Nigeria (Summary)

Davido Net worth N20 Billion

Wizkid Net worth N18 Billion

Don Jazzy Net worth N13 Billion

D Banj Net worth N12 Billion

Mr. P Net worth N8 Billion

Rude Boy Networth N7 Billion

2Baba Net worth N6 Billion

Timaya Net worth N5.5 Billion

Bany W Net worth N4.5 Billion

Olamide Baddo Net worth N3.5 Billion

That’s it for the top 10 richest musicians in Nigeria.

Let us know what you think in the comment box, and don’t forget to like, and share this post.

Wizkid is the richest because he has lots of music inside him and was ahead of Davido in wealth how come Davido became the richest all of a Sodern hmmmm NAija no go kill person na why badoo vex for the award between lil kesh and bankz ………well as for me Star boy number one international and globa world wide …sulurele king…

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